Appreciate the sentiments and you clearly have an understanding of the background and work it has taken to get NEU to this point but without meaning any disrespect I completely disagree that “FDA approval is hardly an issue here” or for that matter that significant patience is required with respect to share price.
FDA approval is a massive issue here - the most important event this company has faced to date IMO. As has been discussed here recently highly likely but by no means a certainty. With FDA approval NEU is an income generating cash cow with 4 phase 2 trials cooking away and becomes a massive takeover target before or after those phase 2 results are known. Share price given FDA approval has to be north of $12 I believe and will likely rise through 2023. Without FDA approval NEU has significant funding issues again, 4 phase 2 trials that wouldn’t look anywhere near as promising with an unproven drug 5+ years from commercialisation and a share price of (I’m guessing) approximately $1.
All of which is going to unfold in the next 40 trading days if not before. Any chance you could explain how you could possibly think otherwise??
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Last
$13.27 |
Change
1.000(8.15%) |
Mkt cap ! $1.696B |
Open | High | Low | Value | Volume |
$12.95 | $13.39 | $12.79 | $9.854M | 751.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 2545 | $13.26 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.29 | 1443 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2545 | 13.260 |
1 | 1874 | 13.220 |
2 | 4931 | 13.200 |
1 | 1874 | 13.180 |
1 | 1874 | 13.140 |
Price($) | Vol. | No. |
---|---|---|
13.290 | 1443 | 2 |
13.300 | 1500 | 1 |
13.320 | 60 | 1 |
13.350 | 250 | 1 |
13.390 | 2054 | 3 |
Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
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NEU (ASX) Chart |